# Portfolio overlap — MCCAX vs VCITX

Comparing **MFS California Municipal Bond Fund** (2026-03-31) and **VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND** (2026-02-28).

- Shared positions: 83
- MFS California Municipal Bond Fund covered by VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND: 0.07867300972085068532793157163
- VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND covered by MFS California Municipal Bond Fund: 0.07867300972085068532793157165

## MFS California Municipal Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MFS Institutional Money Market Portfolio, Class A | 0.041574 |  |
| California Community Choice Financing Authority, Series C | 0.011707 | ✓ |
| CALIFORNIA COMMUNITY VAR | 0.010073 | ✓ |
| LOS ANGELES HSG-A | 0.009927 | ✓ |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY | 0.009900 |  |
| OAKLAND UNIF SCH D-A | 0.009228 |  |
| Inglewood Joint Powers Authority, Series 2025 | 0.007936 |  |
| California Housing Finance Agency, Series 2026 ISSUE A | 0.007385 |  |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007239 |  |
| CALIFORNIA COMMUNITY VAR | 0.006782 | ✓ |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2023 C, Ref. RB | 0.006694 |  |
| San Francisco Community College District, Series B | 0.006656 | ✓ |
| OAKLAND-D | 0.006640 |  |
| California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.006630 |  |
| California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.006560 | ✓ |
| IRVINE CMNTY FACS DT | 0.006551 |  |
| San Diego County Regional Airport Authority, Series 2025 B | 0.006524 |  |
| SAN LUIS OBISPO PUBLIC FINANCI SLOFIN 12/53 FIXED 5 | 0.006501 |  |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.006478 | ✓ |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.006371 |  |
| Mt. San Antonio Community College District, Series 2013A | 0.006363 |  |
| CA STWD(ENLOE HLTH SYST)/AGM 5.38% 8/15/57 | 0.006339 | ✓ |
| CA MUNI FIN AUTH-A | 0.006274 | ✓ |
| California Housing Finance Agency, Series 2024 ISSUE DD | 0.006218 | ✓ |
| CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006159 | ✓ |
| CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006159 | ✓ |
| CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE | 0.006157 | ✓ |
| North Lake Tahoe Public Financing Authority 5.50% 12/01/2047 | 0.005992 | ✓ |
| SANTA CLARA CY 3% 5/1/2039 | 0.005954 | ✓ |
| New Hampshire Business Finance Authority, Series 4, Class A | 0.005949 | ✓ |
| Clovis Unified School District, Series C | 0.005904 |  |
| Alameda Corridor Transportation Authority, Series C | 0.005838 |  |
| UNIV OF CA REGENTS -P | 0.005667 | ✓ |
| LOS ANGELES DEPT ARPT | 0.005592 |  |
| CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/42 FIXED 5 | 0.005414 |  |
| CALIFORNIA CMNTY CHOICE FING A REGD B/E 5.25000000 | 0.005378 |  |
| CALIFORNIA COMMUNITY VAR | 0.005370 | ✓ |
| CA ST UNIV-A-REF | 0.005361 |  |
| LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.005346 |  |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2024, Ref. RB | 0.005336 |  |
| Ceres Unified School District, Series 2025A | 0.005227 |  |
| Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Green Series 2025A | 0.005224 |  |
| Kerman Public Financing Authority, Series 2025 | 0.005204 |  |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016, RB | 0.005014 |  |
| CA ST MFA COP 5.25% 11/1/2052 | 0.005008 |  |
| CA MUNI FIN AUTH-A | 0.005004 | ✓ |
| BEVERLY HILLS USD CAB | 0.004996 |  |
| REPUBLIC SERVICES INC (MPT) 3.875% 03-01-54 | 0.004980 |  |
| INDIO PUB FING AUTH-A | 0.004931 |  |
| GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000 | 0.004907 |  |

## VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| BAY AREA TOLL-H | 0.011018 |  |
| CALIFORNIA COMMUNITY VAR | 0.010338 |  |
| STHRN CALIFORNIA ST | 0.009644 |  |
| California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.008405 |  |
| JPM-PUTTERS-MIZ9119 | 0.007517 |  |
| CALIFORNIA COMMUNITY VAR | 0.007237 | ✓ |
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB | 0.006995 | ✓ |
| CA PUB FIN AUTH-B1 | 0.006311 |  |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.006008 |  |
| ELSINORE VLY MUNI-A | 0.005818 |  |
| TNDR OPT-FLTRS-XG0100 | 0.005682 |  |
| STATE OF CALIFORNIA 5.0% 09-01-41 | 0.005465 |  |
| UNIV OF CALIFORNIA CA REVENUES | 0.005387 |  |
| UNIV OF CALIFORNIA-Q | 0.005271 |  |
| NRTHRN CA ENRGY | 0.005117 |  |
| San Diego Community College District, Series A-1 | 0.005087 |  |
| CALIFORNIA COMMUNITY VAR | 0.004982 | ✓ |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.004955 |  |
| CALIFORNIA COMMUNITY VAR | 0.004793 |  |
| CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4 | 0.004694 |  |
| UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004600 |  |
| UNIV OF CALIFORNIA REVENUES | 0.004599 |  |
| UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004394 |  |
| CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.004346 |  |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.004341 |  |
| State of California 5.00% 09/01/2042 | 0.004326 |  |
| California Community Choice Financing Authority, Series B-1 | 0.004280 |  |
| California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.004226 | ✓ |
| STATE OF CALIFORNIA | 0.004183 |  |
| UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5 | 0.004004 |  |
| LOS ANGELES DEPT WTR | 0.003879 |  |
| California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.003794 |  |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003776 |  |
| California Community Choice Financing Authority, Series C | 0.003768 | ✓ |
| Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003717 |  |
| HAYWARD UNIFIED SD-B | 0.003712 |  |
| HAYWARD | 0.003565 |  |
| California Community Choice Financing Authority, Series F | 0.003527 |  |
| UNIV OF CA REGENTS -P | 0.003506 | ✓ |
| California Community Choice Financing Authority, Series 2025G | 0.003479 |  |
| CA PUB FIN AUTH-A-1 | 0.003474 |  |
| CA ST UNIV-A-REF | 0.003436 |  |
| Los Angeles County Public Works Financing Authority, Series 2024H | 0.003394 |  |
| San Francisco Community College District, Series B | 0.003381 | ✓ |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003330 |  |
| California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.003288 |  |
| E CO AWP JT PWRS-A-1 | 0.003267 |  |
| Bay Area Toll Authority, Series 2018A | 0.003258 |  |
| LOS ANGELS WTR & PWR- | 0.003257 |  |
| UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.003167 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-011424` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/751656/000207169126011424/0002071691-26-011424-index.htm>
- N-PORT (fund B) — accession `0000783401-26-000074` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/783401/000078340126000074/0000783401-26-000074-index.htm>

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